you have slow growth in china, slow growth in india, slow growth in brazil, no growth in europe for all intents and purposes, so america chugging along somewhere between 2.75 and 3% probably around now is one of the best deals going, one of the best things happening. >> everybody looks at us as the bright spot. they're saying you're the only ones doing okay. why are you doing this to us? why are you doing this to yourself. >> particularly because a lot of the world blames this for the first time it happened. >> you talk about spending in washington, d.c., but one of the reasons we're also as a nation in this dilemma is that the nation was stuck in this. last 20-some-odd years frankly we were living in the false economy, credit, credit, credit t catches up with you. >> absolutely. what happened in 2008 didn't happen out of the blue. we had built up this huge bubble, we had been living beyond our means in an unsustainable way. >> not d.c., individuals, americans. >> individuals. now it's d.c. >> all right, go ahead. >> compensating for 20 years, or decade of slow income growth since 2000,